Thank about great inventors who changed our world. Many of them ended up penniless, while their students, fans and even those who consumed their products became wealthy and prosperous, often without giving any further thought to supporting the founders.
This is a century old problem that is still a big challenge. For a good read on open source, read the article on how Open Source Money will BUIDL the Open Source Ecosystem by Kevin Owocki
Digital Ownership? Almost impossible
Centralized platforms: Bureaucratic system of labels, artist managers and distribution services — have largely choked the smaller artist who is unable to negotiate sponsorship deals with big brands, and who rely on direct artist-to-fan sales
Platforms: Monopolies where artists earn small amounts and not enough to survive
Social media: Creating content value for platform owners
Fans: Providing free marketing services for content creators by up-voting and liking content but no reward). (To get more fans, content creators can buy followers and become expert at social media marketing/networking — now facilitated by bots.)
Algorithm’s: Promote certain content and not others therefore demonetizing artist opportunities (based on ideology/preference of platform owner)
Growing a fanbase: Would like to share content while also knowing that their artists are getting rewarded (the good old days of tape recorders) to enjoy art together (art is not a single experience but is also a shared experience)
Inability to protect copyright or even own rights to own content (signed away or used in a way that artists feel infringes on the artists rights (Pepe the Frog)
Accessing cash/money up front to fund artistic projects and provide original and independently created content
Accessing funds and networks to build a fanbase, promote and distribute content and earn the money outright
Current financial services fees and systems to determine credit worthiness for loans and funding (art projects often need funding up front)
The growing impact of bots and AI earning money/funds/attention on platforms
Some crypto initiatives to solve the artists’ dilemma
Artists were first adopters of blockchain technologies and cryptocurrencies/assets.
There are various options already created or in progress:
Many Token Generating Events during 2017…
I am curious to hear from creatives building the blockchain eco-system
As an artist/content creator, have you used any blockchain protocols or cryptocurrency payment platforms for your content?
What aspects do you find useful and address some of your challenges?
What roadblocks did you encounter? Was it the technology itself, copyright, building an audience, payments/rewards/eco-system (art galleries, collectors, etc)?
What needs to be done to achieve mass adoption and make it worthwhile for independent artists and content creators?